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Economy

Kuwait is on the verge of a financial deficit estimated at 6.7 billion dinars this year.

June 1, 20250 ViewsRead Time: 1 minutes
Kuwait is on the verge of a financial deficit estimated at 6.7 billion dinars this year.
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While Kuwait was supposed to achieve oil revenues of 1.19 billion dinars in the previous month of May, production and prices remained stable. According to experts, if this assumption is realized, total oil revenues after deducting production costs for the entire current fiscal year are expected to reach around 14.90 billion dinars; which is lower by about 402 million dinars than the estimated 15.31 billion dinars in the current fiscal year. In this regard, Al-Shall Consulting Company predicted that Kuwait would record a financial deficit in the general budget for the current fiscal year 2026/2025 amounting to 6.71 billion dinars. This expected deficit comes after the end of May 2025, the second month in the current fiscal year, where the Kuwaiti oil barrel price averaged around $64 for most of the month, which is $4 lower per barrel and 5.9% less than the new assumed price in the current budget of $68.
lubna-nisani
لبنى نيسانيصحفية ومعدة برامج، مقدمة، بروديوسر ومحررة أخبار بخبرة في صناعة المحتوى الإعلامي المتنوع.

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